GTWI Agrees to Provide GME Hydro LP its Patented Natural Gas to Hydrogen Conversion Process ARLINGTON, Texas, December 16, 2024Non-Binding Letter of Intent • December 16th, 2024 • Greenway Technologies Inc • Miscellaneous food preparations & kindred products
Greenway Technologies, Inc. (OTCPINKSHEETS: GWTI), (“Greenway”), is an advanced gas-to-liquids (“GTL”) and gas-to-hydrogen (“GTH”) technology development company. On October 13, 2023, GME Hydro LP (“GME”) and Greenway signed a non-binding letter of intent (“LOI”) under which GME would purchase two patented GWTI H-Reformer™ units (“H-Reformers™”). The H-Reformers would be used to convert natural gas (CH4) to hydrogen (H2) for use in electrical power generation. In conjunction with the execution of the agreement, GME committed to make an investment in GWTI via the purchase of restricted stock. Since that time, GME and Greenway (the Parties”) have worked together to develop a definitive agreement to effectuate the terms of the October 13, 2023, LOI. To reaffirm the commitment of the Parties, a new LOI dated December 12, 2024, was executed.
